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Fri 08 Aug 2009Spain's economy remains in recession
Spain's economy shrunk more than expected in the second quarter, preliminary data showed today, a marked difference from surprise growth in neighbours France and Germany.
Gross domestic product dropped 1 per cent quarter-on-quarter, slightly more than a Bank of Spain forecast of 0.9 per cent, and contracted 4.1 per cent year-on-year, the sharpest fall since comparative data began in 1977.
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